Budget 2004

Grant Thornton


Personal Taxation

Grant Thornton

Tax Free Approved Mileage Rates

Statutory maximum amounts payable to employees for using their own transport for business purposes

 
Per mile
Cars and vans (regardless of cylinder capacity)  
  1-10,000 miles in tax year
40p
  over 10,000 miles
25p
Motorcycles
24p
Cycles
20p
Passengers*
5p

* pai id to driver for each fellow employee passenger carried on same business trip to encourage car sharing

The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.

This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.

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